MGPI (MGP Ingredients) Cyclically Adjusted FCF per Share: $1.34 (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

MGPI MGP Ingredients Inc MGPI
57 GF Score
Price $17.68
GF Value $25.13
Valuation Possible Value Trap
! 6 Warning Signs
View Full Analysis

What is MGP Ingredients Cyclically Adjusted FCF per Share?

MGP Ingredients MGPI +3.27% 57 Cyclically Adjusted FCF per Share is $1.34 as of Jun. 2026. GuruFocus rates MGPI with a GF Score™ of 57/100 and a GF Value™ of $25.13 (Possible Value Trap). The stock has 6 warning signs investors should review.

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

MGP Ingredients's adjusted free cash flow per share for the three months ended in Jun. 2026 was $-2.435. Add all the adjusted free cash flow per share for the past 10 years together and divide the count will get our Cyclically Adjusted FCF per Share, which is $1.34 for the trailing ten years ended in Jun. 2026.

During the past 12 months, MGP Ingredients's average Cyclically Adjusted FCF Growth Rate was 18.60% per year. During the past 3 years, the average Cyclically Adjusted FCF Growth Rate was 21.30% per year. During the past 5 years, the average Cyclically Adjusted FCF Growth Rate was 45.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted FCF Growth Rate using Cyclically Adjusted FCF per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted FCF Growth Rate of MGP Ingredients was 202.40% per year. The lowest was -164.50% per year. And the median was 23.50% per year.

As of today (2026-08-05), MGP Ingredients's current stock price is $17.68. MGP Ingredients's Cyclically Adjusted FCF per Share for the quarter that ended in Jun. 2026 was $1.34. MGP Ingredients's Cyclically Adjusted Price-to-FCF of today is 13.19.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MGP Ingredients was 4751.00. The lowest was 10.61. And the median was 146.86.


MGP Ingredients  (NAS:MGPI) Cyclically Adjusted FCF per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted FCF per Share may underestimate the company's free cash flow. Cyclically Adjusted Price-to-FCF can seem to be too high even the actual Price-to-Free-Cash-Flow is low.

For the Cyclically Adjusted Price-to-FCF, the free cash flow per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/FCF calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted Price-to-FCF is also called CAPFCF Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted free cash flow per share of a company over the past 10 years.

MGP Ingredients's Cyclically Adjusted Price-to-FCF of today is calculated as

Cyclically Adjusted Price-to-FCF=Share Price/Cyclically Adjusted FCF per Share
=17.68/1.34
=13.19

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted Price-to-FCF of MGP Ingredients was 4751.00. The lowest was 10.61. And the median was 146.86.


Be Aware

Cyclically Adjusted Price-to-FCF works better for cyclical companies. It gives you a better idea on the company's real free cash flow value.


MGP Ingredients Cyclically Adjusted FCF per Share Related Terms


MGP Ingredients Cyclically Adjusted FCF per Share Historical Data

* Premium members only.

The historical data trend for MGP Ingredients's Cyclically Adjusted FCF per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

MGP Ingredients Cyclically Adjusted FCF per Share Chart

MGP Ingredients Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Cyclically Adjusted FCF per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.49 0.83 0.90 1.00 1.48

MGP Ingredients Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Cyclically Adjusted FCF per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.13 1.33 1.48 1.55 1.34

MGPI vs AGCC, SNDL, CWGL: Cyclically Adjusted FCF per Share Comparison

For the Beverages - Wineries & Distilleries subindustry, MGP Ingredients's Cyclically Adjusted Price-to-FCF, along with its competitors' market caps and Cyclically Adjusted Price-to-FCF data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


MGP Ingredients Cyclically Adjusted Price-to-FCF vs Beverages - Alcoholic Industry

For the Beverages - Alcoholic industry and Consumer Defensive sector, MGP Ingredients's Cyclically Adjusted Price-to-FCF distribution charts can be found below:

* The bar in red indicates where MGP Ingredients's Cyclically Adjusted Price-to-FCF falls into.


MGPI
57GF Score
MGP Ingredients Inc MGPI
Cyclically Adjusted FCF per Share is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

MGP Ingredients Cyclically Adjusted FCF per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted FCF per Share and the Cyclically Adjusted Price-to-FCF. The Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years.

What is Cyclically Adjusted FCF per Share? How do we calculate Cyclically Adjusted FCF per Share?

Cyclically Adjusted FCF per Share is the average of the inflation adjusted Free Cash Flow per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted FCF per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the free cash flow per share from 2001 through 2010.

We adjusted the 2001 free cash flow per share data with the total inflation from 2001 through 2010 to the equivalent free cash flow in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's free cash flow is $1 a share in 2001, then the 2001's equivalent free cash flow in 2010 is $1.4 a share. If Wal-Mart's free cash flow is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 free cash flow in 2010 is $1.35. So on and so forth, you get the equivalent free cash flow per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted FCF per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, MGP Ingredients's adjusted Free Cash Flow per Share data for the three months ended in Jun. 2026 was:

Adj_FreeCashFlowPerShare= Free Cash Flow per Share /CPI of Jun. 2026 (Change)*Current CPI (Jun. 2026)
=-2.435/333.9520*333.9520
=-2.435

Current CPI (Jun. 2026) = 333.9520.

MGP Ingredients Quarterly Data

Free Cash Flow per Share CPI Adj_FreeCashFlowPerShare
201609 -0.297 241.428 -0.411
201612 0.756 241.432 1.046
201703 -0.443 243.801 -0.607
201706 0.496 244.955 0.676
201709 0.114 246.819 0.154
201712 0.572 246.524 0.775
201803 -0.362 249.554 -0.484
201806 -0.339 251.989 -0.449
201809 -0.319 252.439 -0.422
201812 1.164 251.233 1.547
201903 -0.444 254.202 -0.583
201906 0.259 256.143 0.338
201909 0.303 256.759 0.394
201912 0.056 256.974 0.073
202003 -0.300 258.115 -0.388
202006 0.054 257.797 0.070
202009 1.191 260.280 1.528
202012 1.040 260.474 1.333
202103 0.291 264.877 0.367
202106 1.104 271.696 1.357
202109 0.201 274.310 0.245
202112 0.334 278.802 0.400
202203 0.527 287.504 0.612
202206 0.606 296.311 0.683
202209 0.814 296.808 0.916
202212 0.026 296.797 0.029
202303 -0.508 301.836 -0.562
202306 0.059 305.109 0.065
202309 0.735 307.789 0.797
202312 0.995 306.746 1.083
202403 -0.109 312.332 -0.117
202406 -0.064 314.175 -0.068
202409 1.109 315.301 1.175
202412 0.480 315.605 0.508
202503 1.160 319.799 1.211
202506 -0.026 322.561 -0.027
202509 1.290 324.800 1.326
202512 1.135 324.054 1.170
202603 0.058 330.213 0.059
202606 -2.435 333.952 -2.435

Add all the adjusted free cash flow per share together and divide 10 will get our Cyclically Adjusted FCF per Share.

What does a Cyclically Adjusted FCF per Share of $1.34 mean?
MGP Ingredients (MGPI) has a Cyclically Adjusted FCF per Share of $1.34 as of Jun. 2026. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on MGP Ingredients and its competitors.
Is MGP Ingredients' Cyclically Adjusted FCF per Share too high?
MGP Ingredients' current Cyclically Adjusted FCF per Share is $1.34. Overall, MGP Ingredients has a GF Score™ of 57/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does MGP Ingredients' Cyclically Adjusted FCF per Share compare to AGCC and SNDL?
MGP Ingredients' Cyclically Adjusted FCF per Share of $1.34 can be compared against companies in the Beverages - Alcoholic industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cyclically Adjusted FCF per Share for a Beverages - Alcoholic company?
A good Cyclically Adjusted FCF per Share depends on the Beverages - Alcoholic industry context. However, Cyclically Adjusted FCF per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cyclically Adjusted FCF per Share mean?
A high Cyclically Adjusted FCF per Share can signal that a stock is expensive relative to its fundamentals. Cyclically Adjusted FCF per Share represents the company's inflation-adjusted FCF per share over a 10-year period. View historical data on MGP Ingredients and its competitors. MGP Ingredients's current Cyclically Adjusted FCF per Share is $1.34. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is MGP Ingredients stock overvalued right now?
Based on GuruFocus' analysis, MGP Ingredients (MGPI) is currently considered Possible Value Trap. The stock's GF Value™ is $25.13, compared to a current price of $17.68 — trading 29.6% below its estimated fair value. The current Cyclically Adjusted FCF per Share is $1.34. MGP Ingredients' overall GF Score™ is 57/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cyclically Adjusted FCF per Share calculated?
Cyclically Adjusted FCF per Share is calculated from a company's financial statements. For MGP Ingredients (MGPI), the current Cyclically Adjusted FCF per Share is $1.34 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is MGP Ingredients (MGPI) Overvalued in 2026?

Based on GuruFocus' analysis, MGP Ingredients stock appears to be undervalued. The current stock price of $17.68 is trading 29.6% below its estimated GF Value™ of $25.13. GuruFocus considers MGP Ingredients to be Possible Value Trap.

Key valuation signals for MGPI:

  • Cyclically Adjusted FCF per Share: $1.34
  • GF Value™: $25.13 vs. price of $17.68 (29.6% below fair value)
  • GF Score™: 57/100 with 6 warning signs

No single metric tells the full story. See the MGPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


MGP Ingredients Business Description

Address 100 Commercial Street, Box 130, Atchison, KS, USA, 66002
MGP Ingredients Inc is a producer and supplier of distilled spirits, specialty wheat protein, and starch food ingredients based in the United States. It operates in three reportable segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Maximum revenue is generated from the Branded Spirits segment, which consists of a portfolio of brands that it produces through its distilleries and bottling facilities and sells to distributors or to state governments that directly control the sale of alcohol. MGP's branded spirits include various brands across numerous categories and price tiers, such as Penelope Bourbon, Yellowstone Bourbon, Minor Case Straight Rye Whiskey, Brady's Irish Cream, Exotico Tequila, Arrow Cordials, Canada House Canadian Whisky, Lady Bligh Rum, etc.
57GF Score

Get the complete analysis for MGPI

Cyclically Adjusted FCF per Share is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$17.68
Price
$25.13
GF Value